Bridge Loan for a Home Purchase: A Way to Rescue a Contingent Offer
A bridge loan for a home purchase can sometimes help a buyer remove a home-sale contingency and make a cleaner offer. That matters because a home-sale contingency does not always have to remain a home-sale contingency. If you are a listing agent and receive an otherwise strong offer that depends on the buyer selling their […]
Salt Lake County Housing Market Is Shifting — What Buyers and Sellers Should Know
The Salt Lake County housing market is shifting, and the numbers are starting to favor buyers more than they have in recent years. Inventory is up. Homes are taking longer to sell. Buyers have more choices, and sellers are facing more competition. That does not mean the market is falling apart. It means buyers and […]
Buying a Condo in Your Dream Utah Location
Imagine having your own place in Park City for ski weekends, a condo in St. George when you need sunshine, or a home base near Bear Lake for summer trips. Instead of searching for a hotel every time you travel, you could arrive at a place that already feels like home. Your clothes are in […]
Down Payment Options in Utah: How Much Do You Really Need?
Many Utah homebuyers assume they need 20% down to purchase a home. That is not always true. Depending on your income, credit, loan type, and the property you are buying, you may have several down payment options in Utah. At Houzd Mortgage, we have access to a wide range of loan programs. That allows us […]
Good Income? No Down Payment? The 1% Down Program May Help
A lot of buyers are in an interesting spot right now. They have good income, can afford the monthly mortgage payment and they feel ready to buy a home. But there is one problem. They do not have a large down payment saved. If that sounds familiar, you are not alone. Saving for a down […]
Buying a Home in Utah With 1% Down
Buying a home in Utah with 1% down may sound too good to be true. For many buyers, the biggest challenge is not the monthly mortgage payment. It is the upfront cash needed for the down payment. That is why the 1% down program can be such a helpful option for qualified Utah homebuyers. If […]
Is the 1% Down Program Only for First-Time Buyers?
One of the biggest misconceptions about the 1% down program is that only first-time homebuyers can use it. A lot of low down payment programs focus on first-time buyers. So, it makes sense that people assume this one works the same way. But here is the good news: more buyers may qualify for the 1% […]
Buy a Home with 1% Down in Utah When Life Says It’s Time
Sometimes people buy a home because the market looks perfect. Most of the time though, people buy a home because life tells them it is time. The commute might be wearing on you. You may want to live closer to family. Or life may have changed with a new marriage, a baby on the way, […]
VantageScore Mortgage Update
For years, mortgage lenders have mostly used FICO scores when reviewing a buyer’s credit. But that is starting to change with the new VantageScore mortgage updates. Fannie Mae, Freddie Mac, and FHA have all started moving toward allowing VantageScores in mortgage underwriting. That may sound like a small technical change, but for some buyers, it […]
UWM VantageScore Update: What FICO and VantageScore Mean for Homebuyers
UWM VantageScore changes are giving mortgage brokers another way to help qualified buyers get approved for a home loan. United Wholesale Mortgage recently announced that brokers working with UWM now have access to both FICO® and VantageScore® for conventional loans. That may sound like a small credit update, but it could make a real difference […]